RE: Keeping it real, keeping it simple.27 Nov 2022 12:49
@Kully,when the deal gets signed off,I know we will have representation on the BoD (s) but it seems there will be very little to do in Zambia,unless we get extra licenses.And as for AAL eventually owning 70%, my understanding is that they will own 70% from the start and keep it unless they break/update the terms or walk away."Anglo American will have the right to RETAIN a 70% ownership in the Joint Venture for an aggregate investment by Anglo American of up to USD 88,500,000, including cash consideration of UP TO USD 14,500,000." and by the look of that wording they may have an option to buy out the agreement early P,S. if we hit decent/grades deposits then we will probably be taken out of the equation maybe with (if we are lucky) a Royalty of some denomination.Because they are not going to totally finance a mine and let us keep 30% are they ? But I doubt that 30% of licenses containing significant drill results would come cheap.